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2025 Turning Basin Dr, Hous...

Centerpoint Properties Trust Leases Industrial Asset In Houston Through Stream Realty Partners
LEASEDIndustrial

Centerpoint Properties Trust Leases Industrial Asset In Houston Through Stream Realty Partners

2025 Turning Basin Dr, Houston, TX, 7...

Building Size

19,221 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

The Turning Basin Industrial Park in Houston, Texas, recently saw a lease transaction involving a property with a total space of 19,221 square feet. This lease agreement was signed by Atlantic Clothing at 2025 Turning Basin Drive, with Matteson Hamilton and Jeremy Lumbreras representing the landlord, CenterPoint Properties Trust.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 2025 Turning Basin Dr, Houston, TX
  • Market: Houston
  • Landlord's Rep: Matteson Hamilton (Stream Realty Partners)
  • Landlord: Centerpoint Properties Trust
  • Square Feet: 19,221

Other recent industrial leases in Houston have included Ordinary Concepts at Fairway Business Park, Green Explosion at Southport Business Park, and Boomtown Coffee also at Fairway Business Park, showcasing a thriving commercial real estate market in the area.

Players

Matteson Hamilton

Stream Realty Partners⁠

Broker

9 deals

Broker
CenterPoint Properties
CenterPoint PropertiesLandlord

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93